Diagnostic: 48980 - "Form 1116/1116AMT 'Date paid or accrued' field is currently required for electronic filing. This can be entered on the Foreign Tax Credit..." in a 1041 return using worksheet view.

  • Article Type:
  • Problem Resolution
  • Last Modified:
  • 01/10/2022

Symptoms

Full Diagnostic Text:
"Electronic Filing. Form 1116/1116AMT 'Date paid or accrued' field is currently required for electronic filing. This can be entered on the Foreign Tax Credit worksheet, General section; Interest or Dividend worksheet, Foreign Information section; or Consolidated 1099 worksheet, Interest or Dividend Income section."

Environment

  • CCH ProSystem fx Tax
  • CCH Axcess Tax
  • 1041
  • Form 1116
  • Electronic Filing

Cause

N/A

Resolution

In general, input the date paid in all possible places and delete unneeded inputs.

Steps to complete when the foreign information is entered in credits worksheet:
  1. Go to Credits > 1116 - Foreign Tax Credit.
    • Select Section 1 - General.
      • In line 4 (grid) - Foreign country code - Required, verify the country code is entered.
      • In line 11 (grid) - Part II - Foreign Taxes Paid or Accrued, verify Code - Required and Date Paid have been entered.
  2. Calculate the return.
    • You may need to repeat step 1 on additional columns/rows if the diagnostic doesn't clear.
                       
Steps to complete when the foreign information is entered in foreign worksheet:
  1. Go to Foreign > 1116 - Foreign Tax Credit.
    • Select Section 1 - General.
      • In line 4 (grid) - Foreign country code - Required, verify the country code is entered.
      • In line 11 (grid) - Part II - Foreign Taxes Paid or Accrued, verify Code - Required and Date Paid have been entered.
  2. Calculate the return.

Steps to complete when the foreign information is entered in the interest worksheet:
  1. Go to Income > Interest [1099-INT].
    • In the summary grid - Interest Summary (IRS 1099-INT) select detail.
      • Select Section 6 - Foreign Information.
        • In line 2 - Country, verify the country code is entered.
        • In line 5 - Date paid or accrued, verify the date paid has been entered.
  2. Calculate the return.

Steps to complete when the foreign information is entered in the dividend worksheet:
  1. Go to Income > Dividends [1099-DIV].
    • In the summary grid - Dividend Summary (IRS 1099-DIV) select detail.
      • Select Section 5 - Foreign Information.
        • In line 2 - Country, verify the country code is entered.
        • In line 7 - Date paid or accrued, verify the date paid has been entered.
        • Verify the Foreign Income Code is entered, if necessary..
  2. Calculate the return.

Steps to complete when the foreign information is entered in the consolidated 1099 worksheet:
  1. Go to Income > Consolidated 1099.
    • Select Section 2 - Dividend Income.
      • In line 30 - Foreign country code, verify the country code is entered.
      • In line 35 - Date paid or accrued, verify the date paid has been entered.
  2. Go to Income > Consolidated 1099.
    • Select Section 3 - Interest Income.
      • In line 31 - Foreign country code, verify the country code is entered.
      • In line 34 - Date paid or accrued, verify the date paid has been entered.
  3. Calculate the return.

Additional Information

N/A

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 Solution Id 000122245/Diagnostic-48980-Form-1116-1116AMT-Date-paid-or-accrued-field-is-currently-required-for-electronic-filing-This-can-be-entered-on-the-Foreign-Tax-Credit-in-a-1041-return-using-worksheet-view
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